Engaging with our stakeholders
As the world faces the challenges posed by the pandemic, climate change, and cost of living concerns, the need for a just transition to a green economy has become even more apparent. People are increasingly seeking well-being and lifestyle improvements, and as a company, we believe that our actions can make a difference.
We have begun our first Materiality Review, which is informed by the double-materiality approach which considers the impact of sustainability issues on the company, as well as the impact of the company's activities on the environment, communities, and people. We engaged with our stakeholders, including our staff, to ensure that our sustainability strategy remains relevant and purposeful in the short and long term.
We recognise that environmental, social, and governance (ESG) considerations are critical to our business success. As a result, our Executive Committee meet regularly to provide oversight of our ESG strategy, to ensure our objectives are implemented effectively and within an appropriate risk framework.
Chaired by our Group Chief Executive, the Executive Committee comprises senior leaders from across the business , who collectively embed sustainability as a golden thread throughout the Group. This approach ensures sustainability continues to be an integral part of our decision-making processes and operations.
We aim to drive continuous improvement in our sustainability performance to mitigate ESG risks. Our approach is grounded in the belief that good governance and responsible leadership are essential for achieving long-term business success, as well as creating positive social and environmental impact.
Principal Risks and Uncertainties
We recognise the importance of future-proofing our business operations while also keeping a keen eye on wider geopolitical factors that may impact commodity and labour prices. These factors can have a significant impact on the capital costs of our projects, and we are constantly adapting our approach to account for these shifts in the market.
As the demand for sustainable and future-proofed assets continues to grow, we are committed to meeting the needs of our investors and customers by achieving high BREEAM certification scores and EPC ratings.
We initiated a Double-materiality review to gain a better understanding of our current approach to sustainability and to identify key ESG issues that need to be addressed. Through engaging with a range of stakeholders, we aim to prioritise our sustainability actions to create long-term value for our business and wider society.
Our 2030 ESG Roadmap outlines our short to medium-term priorities as we prepare for the introduction of the Future Homes Standard in 2025, and we believe that by taking a proactive approach to sustainability, we can create a more resilient business that is better equipped to tackle the challenges of the future.